The JSE was a little firmer on Friday as the rand weakened towards the symbolic R12 to the dollar mark, boosting large diversified resource stocks in particular. The all share was up 0.33% to 58,398 points at lunchtime, looking to shake a three-day losing run. Buoyancy in the resource sector, combined with apparent bargain-hunting in some stocks that have endured a fairly tough week, let to the all-share’s gains. Retailers and insurance stocks held up well on the day in the face of the stronger rand, but performance in banks was patchy. For the better part of the week, the all share has battled to find traction amid concerns over import tariffs imposed by US President Donald Trump. "The potential for a tit-for-tat retaliatory process continues to inhibit overall market sentiment," Momentum Securities analysts said in a note to clients. Markets have also been keeping tabs on the unfolding drama within Trump’s administration, following the departure of several high-ranking officials. ...
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